#Laogao E-commerce Newsletter# [June 26 E-commerce Morning News Brief] 1. Taobao added new fresh food virtual commodity transaction management specifications; 2. Jack Ma: Blockchain should not be a technology to get rich overnight. Ant Financial does not have a dollar Bitcoin; 3. Toyota cooperates with 7-ELEVEN to jointly develop mobile convenience stores; in April, May, the retail sales of 50 large retail companies nationwide fell by 3.4% year-on-year; 5. Alibaba expanded in Europe, but currently it mainly serves % of the Chinese...
E-commerce newsletter
1. Taobao’s new fresh food virtual commodity trading management specifications
According to June 25, Taobao recently issued a notice on the change of the "Taobao Platform Special Products/Transaction Dispute Handling Rules". The main changes of this rule are as follows: 1. There are special proof-free scenarios for new fresh goods transactions; 2. Add dispute handling standards for ticket transactions under new virtual goods; 3. Adjustment of dispute handling standards for Fliggy Travel Market. If the "Fliggy Trading Dispute Handling Standards" has special provisions, the provisions shall follow. It is reported that the change of the rules will take effect on June 29. (Yibang Power)
2. Jack Ma: Blockchain should not be a technology that gets rich overnight. Ant Financial does not have a dollar Bitcoin
Jack Ma, chairman of Alibaba Group, said that blockchain should not be a technology that can get rich overnight, but should solve social problems, and problems such as data privacy, security, sustainable development, and green must be solved. Jack Ma said that using blockchain technology to achieve cross-border remittances is one of his most concerned projects in the past six months. Currently, 1.7 billion people around the world still do not have bank accounts, but most of them have mobile phones. "The impact of blockchain on the future of human beings may be far beyond our imagination." (21st Century Business Herald)
3. Toyota cooperates with 7-ELEVEN to jointly develop mobile convenience stores
Unmanned convenience stores can no longer meet the requirements of social fear and lazy cancer. It is best for convenience stores to walk to their doorsteps by themselves.
To achieve this goal, Toyota announced a cooperation with Japan's 7-11 and Japanese express delivery company Yamado Holdings (HD) to jointly develop a mobile convenience store based on Toyota's box-type pure electric vehicles. (Ai Faner)
In May, the retail sales of 50 large retail enterprises nationwide fell by 3.4% year-on-year.
According to the monitoring data of the China National Commercial Information Center, the retail sales of 50 key large retail enterprises nationwide continued to decline year-on-year in May 2018, a decrease of 3.4%, a growth rate of 7.5 percentage points lower than the same period last year. Among them, 12 companies achieved positive year-on-year growth in retail sales in May, 8 fewer than in April.
By category, retail sales of grain, oil and food, clothing, daily necessities, gold, silver and jewelry, and household appliances decreased by 2.9%, 4.2%, 3.5%, 3.4% and 2.1% year-on-year respectively, and the growth rate was significantly lower than the same period last year. Among them, the growth rate of clothing was 12.2 percentage points lower than the same period last year, and the growth rate of gold, silver and jewelry was 14.4 percentage points lower than the same period last year; cosmetics was the only category that achieved positive year-on-year growth in May, with retail sales increasing by 4.4% year-on-year, but the growth rate was not as high as the same period last year. (Lianshang.com)
5. Alibaba expands in Europe, but currently mainly serves Chinese people
David Lloyd, Alibaba's director and general manager in the UK and Nordic regions, believes that Alibaba's business expansion has two main goals: the first is to bring European goods to China. In Europe, Lloyd and his team’s top priority is to connect more European businesses and brands with Chinese consumers. The second is to serve tourists from China. (NetEase)
Internet Information
6. Shared bicycle oBike exits Singapore due to policy supervision issues
It is reported that Singapore will implement strict regulatory policies for shared bicycles in the near future and implement a "shared bicycle service license". oBike withdrew from Melbourne, Australia a few weeks ago due to regulatory policy issues. The company promised to continue operating in other countries' markets, but did not clearly state whether the deposit of Singapore local users will be refunded, nor did it mention the specific time of the refund in the statement. In early 2017, the oBike bicycle sharing service was officially launched, claiming that the number of registered users had exceeded 1 million. At this stage, although the platform is no longer open to new users for registration, oBike is currently diverting users to Grab, which only entered the field in March this year, which is the investor in its Series B financing. (Europe)
7. Yingke will be listed on July 12, and capitalists estimate that the PE will be about 10 times.
Inke will be listed in Hong Kong on July 12, raising 200 million to 300 million US dollars. According to capital market assessment, Inke's estimated profit in 2018 was RMB 800 million, corresponding to a valuation of approximately RMB 8 billion, or nearly HK$10 billion. An investor close to Yingke learned that Yingke plans to issue it at 12 to 14 times PE, that is, it is 9.6 billion to 11.2 billion yuan. (China Business News)
8. Faraday Future completes its first round of financing of US$2 billion, and Evergrande buys 45% of its shares and becomes the largest shareholder.
On the afternoon of June 25, Evergrande Health issued an announcement stating that the company acquired 100% of the shares of Hong Kong Shiying Company for HK$6.747 billion, indirectly acquired 45% of the shares of Smart King, becoming the company's largest shareholder. This means that Evergrande officially takes over the American new energy vehicle company Faraday Future. Meanwhile, Faraday Future announced the completion of its first round of financing of US$2 billion. (Sina Technology)
9. The amount of Meituan Dianping’s acquisition of Mobike was officially revealed. The total price was US$2.7 billion
Sina Technology News, on the morning of June 25, Meituan Dianping officially submitted its prospectus on the Hong Kong Stock Exchange this morning. The joint sponsors are Goldman Sachs, Morgan Stanley and Bank of America Merrill Lynch, and Huaxing Capital is the exclusive financial advisor. The prospectus disclosed that Meituan Dianping signed an acquisition agreement with Mobike in April this year, with a total acquisition cost of US$2.7 billion. (Sina Technology)
Cross-border newsletter
10. Amazon: Encourage Chinese sellers to enter the Japanese e-commerce market
Amazon announced a comprehensive upgrade of its 2018 Japanese site service initiative, encouraging more Chinese sellers to enter the Japanese market after the European and American markets. It is understood that the top three product categories in Japan's e-commerce market sales are fashion, consumer electronics and household goods categories. Among them, goods such as luggage, storage and sorting bags, small and medium accessories and small appliances sold by Chinese sellers occupy a certain share in the Japanese e-commerce market. (Ian.com)
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